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Free H&r Block Tax Software

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Free H&r Block Tax Software

Free h&r block tax software Publication 597 - Main Content Table of Contents Application of Treaty Personal Services Pensions, Annuities, Social Security, and AlimonyRoth IRAs. Free h&r block tax software Tax-deferred plans. Free h&r block tax software Investment Income From Canadian Sources Other Income Charitable ContributionsQualified charities. Free h&r block tax software Income Tax Credits Competent Authority Assistance How To Get Tax HelpText of Treaty U. Free h&r block tax software S. Free h&r block tax software Taxation Canadian Taxation Application of Treaty The benefits of the income tax treaty are generally provided on the basis of residence for income tax purposes. Free h&r block tax software That is, a person who is recognized as a resident of the United States who has income from Canada, will often pay less income tax to Canada on that income than if no treaty was in effect. Free h&r block tax software Article IV provides definitions of residents of Canada and the United States, and provides specific criteria for applying the treaty in cases where a taxpayer is considered by both countries to be a resident. Free h&r block tax software Saving clause. Free h&r block tax software   In most instances, a treaty does not affect the right of a country to tax its own residents (including those who are U. Free h&r block tax software S. Free h&r block tax software citizens) or of the United States to tax its residents or citizens (including U. Free h&r block tax software S. Free h&r block tax software citizens who are residents of the foreign country). Free h&r block tax software This provision is known as the “saving clause. Free h&r block tax software ”   For example, an individual who is a U. Free h&r block tax software S. Free h&r block tax software citizen and a resident of Canada may have dividend income from a U. Free h&r block tax software S. Free h&r block tax software corporation. Free h&r block tax software The treaty provides a maximum rate of 15% on dividends received by a resident of Canada from sources in the United States. Free h&r block tax software Even though a resident of Canada, the individual is a U. Free h&r block tax software S. Free h&r block tax software citizen and the saving clause overrides the treaty article that limits the U. Free h&r block tax software S. Free h&r block tax software tax to 15%. Free h&r block tax software    Exceptions to the saving clause can be found in Article XXIX, paragraph 3. Free h&r block tax software Treaty-based position. Free h&r block tax software   If you take the position that any U. Free h&r block tax software S. Free h&r block tax software tax is overruled or otherwise reduced by a U. Free h&r block tax software S. Free h&r block tax software treaty (a treaty-based position), you generally must disclose that position on Form 8833, Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b), and attach it to your return. Free h&r block tax software Personal Services A U. Free h&r block tax software S. Free h&r block tax software citizen or resident who is temporarily present in Canada during the tax year is exempt from Canadian income taxes on pay for services performed, or remittances received from the United States, if the citizen or resident qualifies under one of the treaty exemption provisions set out below. Free h&r block tax software Income from employment (Article XV). Free h&r block tax software   Income U. Free h&r block tax software S. Free h&r block tax software residents receive for the performance of dependent personal services in Canada (except as public entertainers) is exempt from Canadian tax if it is not more than $10,000 in Canadian currency for the year. Free h&r block tax software If it is more than $10,000 for the year, it is exempt only if: The residents are present in Canada for no more than 183 days in any 12-month period beginning or ending in the year concerned, and The income is not paid by, or on behalf of, a Canadian resident and is not borne by a permanent establishment in Canada. Free h&r block tax software    Whether there is a permanent establishment in Canada is determined by the rules set forth in Article V. Free h&r block tax software Example. Free h&r block tax software You are a U. Free h&r block tax software S. Free h&r block tax software resident employed under an 8-month contract with a Canadian firm to install equipment in their Montreal plant. Free h&r block tax software During the calendar year you were physically present in Canada for 179 days and were paid $16,500 (Canadian) for your services. Free h&r block tax software Although you were in Canada for not more than 183 days during the year, your income is not exempt from Canadian income tax because it was paid by a Canadian resident and was more than $10,000 (Canadian) for the year. Free h&r block tax software Pay received by a U. Free h&r block tax software S. Free h&r block tax software resident for work regularly done in more than one country as an employee on a ship, aircraft, motor vehicle, or train operated by a U. Free h&r block tax software S. Free h&r block tax software resident is exempt from Canadian tax. Free h&r block tax software Income from self-employment (Article VII). Free h&r block tax software   Income from services performed (other than those performed as an employee) are taxed in Canada if they are attributable to a permanent establishment in Canada. Free h&r block tax software This income is treated as business profits, and deductions similar to those allowed under U. Free h&r block tax software S. Free h&r block tax software law are allowable. Free h&r block tax software   If you carry on (or have carried on) business in both Canada and the United States, the business profits are attributable to each country based on the profits that the permanent establishment might be expected to make if it were a distinct and separate person engaged in the same or similar activities. Free h&r block tax software The business profits attributable to the permanent establishment include only those profits derived from assets used, risks assumed, and activities performed by the permanent establishment. Free h&r block tax software   You may be considered to have a permanent establishment if you meet certain conditions. Free h&r block tax software For more information, see Article V (Permanent Establishment) and Article VII (Business Profits). Free h&r block tax software Public entertainers (Article XVI). Free h&r block tax software   The provisions under income from employment or income from self-employment do not apply to public entertainers (such as theater, motion picture, radio, or television artistes, musicians, or athletes) from the United States who receive more than $15,000 in gross receipts in Canadian currency, including reimbursed expenses, from their entertainment activities in Canada during the calendar year. Free h&r block tax software However, this provision for public entertainers does not apply (and the other provisions will apply) to athletes participating in team sports in leagues with regularly scheduled games in both the United States and Canada. Free h&r block tax software Compensation paid by the U. Free h&r block tax software S. Free h&r block tax software Government (Article XIX). Free h&r block tax software   Wages, salaries, and similar income (other than pensions) paid to a U. Free h&r block tax software S. Free h&r block tax software citizen by the United States or any of its agencies, instrumentalities, or political subdivisions for discharging governmental functions are exempt from Canadian income tax. Free h&r block tax software   The exemption does not apply to pay for services performed in connection with any trade or business carried on for profit by the United States, or any of its agencies, instrumentalities, or political subdivisions. Free h&r block tax software Students and apprentices (Article XX). Free h&r block tax software   A full-time student, apprentice, or business trainee who is in Canada to study or acquire business experience is exempt from Canadian income tax on remittances received from any source outside Canada for maintenance, education, or training. Free h&r block tax software The recipient must be or must have been a U. Free h&r block tax software S. Free h&r block tax software resident immediately before visiting Canada. Free h&r block tax software   An apprentice or business trainee can claim this exemption only for a period of one year from the date the individual first arrived in Canada for the purpose of training. Free h&r block tax software Pensions, Annuities, Social Security, and Alimony Under Article XVIII, pensions and annuities from Canadian sources paid to U. Free h&r block tax software S. Free h&r block tax software residents are subject to tax by Canada, but the tax is limited to 15% of the gross amount (if a periodic pension payment) or of the taxable amount (if an annuity). Free h&r block tax software Canadian pensions and annuities paid to U. Free h&r block tax software S. Free h&r block tax software residents may be taxed by the United States, but the amount of any pension included in income for U. Free h&r block tax software S. Free h&r block tax software tax purposes may not be more than the amount that would be included in income in Canada if the recipient were a Canadian resident. Free h&r block tax software Pensions. Free h&r block tax software   A pension includes any payment under a pension or other retirement arrangement, Armed Forces retirement pay, war veterans pensions and allowances, and payments under a sickness, accident, or disability plan. Free h&r block tax software It includes pensions paid by private employers and the government for services rendered. Free h&r block tax software   Pensions also include payments from individual retirement arrangements (IRAs) in the United States, registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) in Canada. Free h&r block tax software   Pensions do not include social security benefits. Free h&r block tax software Roth IRAs. Free h&r block tax software   A distribution from a Roth IRA is exempt from Canadian tax to the extent it would be exempt from U. Free h&r block tax software S. Free h&r block tax software tax if paid to a U. Free h&r block tax software S. Free h&r block tax software resident. Free h&r block tax software In addition, you may elect to defer any tax in Canada on income accrued within the Roth IRA but not distributed by the Roth IRA. Free h&r block tax software However, you cannot defer tax on any accruals due to contributions made after you become a Canadian resident. Free h&r block tax software Tax-deferred plans. Free h&r block tax software   Generally, income that accrues in a Canadian RRSP or RRIF is subject to U. Free h&r block tax software S. Free h&r block tax software tax, even if it is not distributed. Free h&r block tax software However, a U. Free h&r block tax software S. Free h&r block tax software citizen or resident can elect to defer U. Free h&r block tax software S. Free h&r block tax software tax on income from the plan until the income is distributed. Free h&r block tax software Form 8891 is used to make the election. Free h&r block tax software Annuities. Free h&r block tax software    An annuity is a stated sum payable periodically at stated times, during life, or during a specified number of years, under an obligation to make the payments in return for adequate and full consideration (other than services rendered). Free h&r block tax software Annuities do not include: Non-periodic payments, or An annuity the cost of which was deductible for tax purposes. Free h&r block tax software Special rules. Free h&r block tax software    Special rules apply to pensions and annuities with respect to: Short-term assignments, Cross-border commuters, and Individuals who participate in a Canadian qualifying plan. Free h&r block tax software Generally, distributions in such cases are deemed to be earned in the country in which the plan is established, without regard to where the services were rendered. Free h&r block tax software Social security benefits. Free h&r block tax software   U. Free h&r block tax software S. Free h&r block tax software social security benefits paid to a resident of Canada are taxed in Canada as if they were benefits under the Canada Pension Plan, except that 15% of the amount of the benefit is exempt from Canadian tax. Free h&r block tax software Alimony. Free h&r block tax software   Alimony and similar amounts (including child support payments) from Canadian sources paid to U. Free h&r block tax software S. Free h&r block tax software residents are exempt from Canadian tax. Free h&r block tax software For purposes of U. Free h&r block tax software S. Free h&r block tax software tax, these amounts are excluded from income to the same extent they would be excluded from income in Canada if the recipient was a Canadian resident. Free h&r block tax software Investment Income From Canadian Sources The treaty provides beneficial treatment for certain items of Canadian source income that result from an investment of capital. Free h&r block tax software Dividends (Article X). Free h&r block tax software   For Canadian source dividends received by U. Free h&r block tax software S. Free h&r block tax software residents, the Canadian income tax generally may not be more than 15%. Free h&r block tax software   A 5% rate applies to intercorporate dividends paid from a subsidiary to a parent corporation owning at least 10% of the subsidiary's voting stock. Free h&r block tax software However, a 10% rate applies if the payer of the dividend is a nonresident-owned Canadian investment corporation. Free h&r block tax software   These rates do not apply if the owner of the dividends carries on, or has carried on, a business in Canada through a permanent establishment and the holding on which the income is paid is effectively connected with that permanent establishment. Free h&r block tax software Interest (Article XI). Free h&r block tax software   Generally, Canadian source interest received by U. Free h&r block tax software S. Free h&r block tax software residents is exempt from Canadian income tax. Free h&r block tax software   The exemption does not apply if the owner of the interest carries on, or has carried on, a business in Canada through a permanent establishment and the debt on which the income is paid is effectively connected with that permanent establishment. Free h&r block tax software Gains from the sale of property (Article XIII). Free h&r block tax software   Generally, gains from the sale of personal property by a U. Free h&r block tax software S. Free h&r block tax software resident having no permanent establishment in Canada are exempt from Canadian income tax. Free h&r block tax software However, the exemption from Canadian tax does not apply to gains realized by U. Free h&r block tax software S. Free h&r block tax software residents on Canadian real property, and on personal property belonging to a permanent establishment in Canada. Free h&r block tax software   If the property subject to Canadian tax is a capital asset and was owned by the U. Free h&r block tax software S. Free h&r block tax software resident on September 26, 1980, not as part of the business property of a permanent establishment in Canada, generally the taxable gain is limited to the appreciation after 1984. Free h&r block tax software Royalties (Article XII). Free h&r block tax software   The following are exempt from Canadian tax: Copyright royalties and other like payments for the production or reproduction of any literary, dramatic, musical, or artistic work (other than payments for motion pictures and works on film, videotape, or other means of reproduction for use in connection with television, which may be taxed at 10%), Payments for the use of, or the right to use, computer software, Payments for the use of, or the right to use, any patent or any information concerning industrial, commercial, or scientific experience (but not within a rental or franchise agreement), and Payments for broadcasting as agreed to in an exchange of notes between the countries. Free h&r block tax software   This rate or exemption does not apply if the owner of the royalties carries on, or has carried on, a business in Canada through a permanent establishment and the right or property on which the income is paid is effectively connected with that permanent establishment. Free h&r block tax software   This exemption (or lower rate) does not apply to royalties to explore for or to exploit mineral deposits, timber, and other natural resources. Free h&r block tax software Other Income Generally, Canadian source income that is not specifically mentioned in the treaty, may be taxed by Canada. Free h&r block tax software Gambling losses. Free h&r block tax software   Canadian residents may deduct gambling losses in the U. Free h&r block tax software S. Free h&r block tax software against gambling winnings in the U. Free h&r block tax software S. Free h&r block tax software in the same manner as a U. Free h&r block tax software S. Free h&r block tax software resident. Free h&r block tax software Charitable Contributions United States income tax return. Free h&r block tax software   Under Article XXI, you may deduct contributions to certain qualified Canadian charitable organizations on your United States income tax return. Free h&r block tax software Besides being subject to the overall limits applicable to all your charitable contributions under U. Free h&r block tax software S. Free h&r block tax software tax law, your charitable contributions to Canadian organizations (other than contributions to a college or university at which you or a member of your family is or was enrolled) are subject to the U. Free h&r block tax software S. Free h&r block tax software percentage limits on charitable contributions, applied to your Canadian source income. Free h&r block tax software If your return does not include gross income from Canadian sources, charitable contributions to Canadian organizations are generally not deductible. Free h&r block tax software Example. Free h&r block tax software You are a U. Free h&r block tax software S. Free h&r block tax software citizen living in Canada. Free h&r block tax software You have both U. Free h&r block tax software S. Free h&r block tax software and Canadian source income. Free h&r block tax software During your tax year, you contribute to Canadian organizations that would qualify as charitable organizations under U. Free h&r block tax software S. Free h&r block tax software tax law if they were U. Free h&r block tax software S. Free h&r block tax software organizations. Free h&r block tax software To figure the maximum amount of the contribution to Canadian organizations that you can deduct on your U. Free h&r block tax software S. Free h&r block tax software income tax return, multiply your adjusted gross income from Canadian sources by the percentage limit that applies to contributions under U. Free h&r block tax software S. Free h&r block tax software income tax law. Free h&r block tax software Then include this amount on your return along with all your domestic charitable contributions, subject to the appropriate percentage limit required for contributions under U. Free h&r block tax software S. Free h&r block tax software income tax law. Free h&r block tax software The appropriate percentage limit for U. Free h&r block tax software S. Free h&r block tax software tax purposes is applied to your total adjusted gross income from all sources. Free h&r block tax software Qualified charities. Free h&r block tax software   These Canadian organizations must meet the qualifications that a U. Free h&r block tax software S. Free h&r block tax software charitable organization must meet under U. Free h&r block tax software S. Free h&r block tax software tax law. Free h&r block tax software Usually an organization will notify you if it qualifies. Free h&r block tax software For further information on charitable contributions and the U. Free h&r block tax software S. Free h&r block tax software percentage limits, see Publication 526, Charitable Contributions. Free h&r block tax software Canadian income tax return. Free h&r block tax software   Under certain conditions, contributions to qualified U. Free h&r block tax software S. Free h&r block tax software charitable organizations may also be claimed on your Canadian income tax return if you are a Canadian resident. Free h&r block tax software Income Tax Credits The treaty contains a credit provision (Article XXIV) for the elimination of double taxation. Free h&r block tax software In general, the United States and Canada both allow a credit against their income tax for the income tax paid to the other country on income from sources in that other country. Free h&r block tax software For detailed discussions of the U. Free h&r block tax software S. Free h&r block tax software income tax treatment of tax paid to foreign countries, see Publication 514, Foreign Tax Credit for Individuals. Free h&r block tax software See paragraphs (4) and (5) of Article XXIV for certain provisions that affect the computation of the credit allowed by the United States for Canadian income taxes paid by U. Free h&r block tax software S. Free h&r block tax software citizens residing in Canada. Free h&r block tax software Competent Authority Assistance Under Article XXVI, a U. Free h&r block tax software S. Free h&r block tax software citizen or resident may request assistance from the U. Free h&r block tax software S. Free h&r block tax software competent authority when the actions of Canada, the United States, or both, potentially result in double taxation or taxation contrary to the treaty. Free h&r block tax software The U. Free h&r block tax software S. Free h&r block tax software competent authority may then consult with the Canadian competent authority to determine if the double taxation or denial of treaty benefits in question can be avoided. Free h&r block tax software If the competent authorities are not able to reach agreement in a case, binding arbitration proceedings may apply. Free h&r block tax software It is important that your request for competent authority assistance be made as soon as you have been notified by either Canada or the United States of proposed adjustments that would result in denial of treaty benefits or in double taxation. Free h&r block tax software This is so that implementation of any agreement reached by the competent authorities is not barred by administrative, legal, or procedural barriers. Free h&r block tax software For information that you should include with your request for competent authority assistance, see Revenue Procedure 2006-54, 2006-49 IRB 1035, available at www. Free h&r block tax software irs. Free h&r block tax software gov/irb/2006-49_IRB/ar13. Free h&r block tax software html. Free h&r block tax software The request should be addressed to:  Deputy Commissioner (International) Large Business and International Division Attn: Office of Tax Treaty  Internal Revenue Service 1111 Constitution Ave. Free h&r block tax software , NW Routing: MA3-322A Washington, D. Free h&r block tax software C. Free h&r block tax software 20024 In addition to a timely request for assistance, you should take the following measures: File a timely protective claim for credit or refund of U. Free h&r block tax software S. Free h&r block tax software taxes on Form 1040X, Form 1120X, or amended Form 1041, whichever is appropriate. Free h&r block tax software This will, among other things, give you the benefit of a foreign tax credit in case you do not qualify for the treaty benefit in question. Free h&r block tax software For figuring this credit, attach either Form 1116, Foreign Tax Credit (Individual, Estate, or Trust), or Form 1118, Foreign Tax Credit — Corporations, as appropriate. Free h&r block tax software Attach your protective claim to your request for competent authority assistance. Free h&r block tax software Take appropriate action under Canadian procedures to avoid the lapse or termination of your right of appeal under Canadian income tax law. Free h&r block tax software How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS and the Canada Revenue Agency in several ways. Free h&r block tax software Text of Treaty You can get the text of the U. Free h&r block tax software S. Free h&r block tax software —Canada income tax treaty from: Superintendent of Documents U. Free h&r block tax software S. Free h&r block tax software Government Printing Office P. Free h&r block tax software O. Free h&r block tax software Box 371954 Pittsburgh, PA 15250-7954 The treaty can also be found on the Internet at IRS. Free h&r block tax software gov. Free h&r block tax software U. Free h&r block tax software S. Free h&r block tax software Taxation During the filing season, the IRS conducts a taxpayer assistance program in Canada. Free h&r block tax software To find out if IRS personnel will be in your area, you should contact the consular office at the nearest U. Free h&r block tax software S. Free h&r block tax software Embassy or consulate. Free h&r block tax software Mail. Free h&r block tax software For answers to technical or account questions, you can write to:   Internal Revenue Service International Section Philadelphia, PA 19255-0525 Phone. Free h&r block tax software You can call the IRS for help at (267) 941-1000 (not a toll-free call). Free h&r block tax software Canadian Taxation You can get information on Canadian taxation from the Canada Revenue Agency. Free h&r block tax software The International Tax Services Office can be contacted on 1-800-267-5177 (from anywhere in Canada and the U. Free h&r block tax software S. Free h&r block tax software ) or on the Internet at www. Free h&r block tax software cra-arc. Free h&r block tax software gc. Free h&r block tax software ca. 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Individual Filer Notices

One of the ways we classify our notices is by the type of tax form they're about. We call notices we send about Form 1040, 1040A, 1040EZ, or any related schedules, forms, or other attachments individual filer notices. Notices we send about business-related tax forms such as Forms 941, 1065, and 1120, are called business filer notices and are listed elsewhere. If the individual filer notice you have isn't listed below, check back often. We'll be adding more on a regular basis.

The Notices in Numerical Order

Here's a list of notices with detailed information available.


CP 57 - Notice of Insufficient Funds
Informs the recipient that we are charging a penalty for insufficient funds.
CP 79 - Earned Income Credit Eligibility Requirement
Informs the recipient that they may need to complete an additional form to claim the credit if their Earned Income Credit (EIC) was disallowed or reduced by the IRS for any year after 1996.
CP 79A - Earned Income Credit Two Year Ban
Informs the recipient that they are banned from claiming the Earned Income Credit (EIC) for two years, and must complete an additional form to claim the EIC in the first year after the ban has been lifted.
CP 90 - Final Notice, Notice of Intent to Levy and Notice of Your Right to a Hearing FPLP
Final Notice: Notice of Intent to Levy and Notice of Your Right to a Hearing is systemically generated from Master File. These notices are sent certified mail, return receipt requested, and include Form 12153 and Pubs 594/1660.
CP 91 - Final Notice Before Levy on Social Security Benefits
Informs the recipient that they still have a balance due on their account and that we intend to levy on their Social Security benefits unless they take appropriate action within 30 days.
Page Last Reviewed or Updated: 25-Feb-2014

The Free H&r Block Tax Software

Free h&r block tax software 7. Free h&r block tax software   Excess Contributions Table of Contents How Do I Know If I Have Excess Contributions? What Happens If I Have Excess Contributions?Excess Annual Addition Excess Elective Deferral If your actual contributions are greater than your MAC, you have an excess contribution. Free h&r block tax software Excess contributions can result in income tax, additional taxes, and penalties. Free h&r block tax software The effect of excess contributions depends on the type of excess contribution. Free h&r block tax software This chapter discusses excess contributions to your 403(b) account. Free h&r block tax software How Do I Know If I Have Excess Contributions? At the end of the year or the beginning of the next year, you should refigure your MAC based on your actual compensation and actual contributions made to your account. Free h&r block tax software If the actual contributions to your account are greater than your MAC, you have excess contributions. Free h&r block tax software If, at any time during the year, your employment status or your compensation changes, you should refigure your MAC using a revised estimate of compensation to prevent excess contributions. Free h&r block tax software What Happens If I Have Excess Contributions? Certain excess contributions in a 403(b) account can be corrected. Free h&r block tax software The effect of an excess 403(b) contribution will depend on the type of excess contribution. Free h&r block tax software Types of excess contributions. Free h&r block tax software   If, after checking your actual contributions, you determine that you have an excess, the first thing is to identify the type of excess that you have. Free h&r block tax software Excess contributions to a 403(b) account are categorized as either an: Excess annual addition, or Excess elective deferral. Free h&r block tax software Excess Annual Addition An excess annual addition is a contribution that is more than your limit on annual additions. Free h&r block tax software To determine your limit on annual additions, see chapter 3 (chapter 5 for ministers or church employees). Free h&r block tax software In the year that your contributions are more than your limit on annual additions, the excess amount will be included in your income. Free h&r block tax software Excise Tax If your 403(b) account invests in mutual funds, and you exceed your limit on annual additions, you may be subject to a 6% excise tax on the excess contribution. Free h&r block tax software The excise tax does not apply to funds in an annuity account or to excess deferrals. Free h&r block tax software You must pay the excise tax each year in which there are excess contributions in your account. Free h&r block tax software Excess contributions can be corrected by contributing less than the applicable limit in later years or by making permissible distributions. Free h&r block tax software See chapter 8 for a discussion on permissible distributions. Free h&r block tax software You cannot deduct the excise tax. Free h&r block tax software Reporting requirement. Free h&r block tax software   You must file Form 5330 if there has been an excess contribution to a custodial account and that excess has not been corrected. Free h&r block tax software Excess Elective Deferral An excess elective deferral is the amount that is more than your limit on elective deferrals. Free h&r block tax software To determine your limit on elective deferrals, see chapter 4. Free h&r block tax software Your employer's 403(b) plan may contain language permitting it to distribute excess deferrals. Free h&r block tax software If so, it may require that in order to get a distribution of excess deferrals, you either notify the plan of the amount of excess deferrals or designate a distribution as an excess deferral. Free h&r block tax software The plan may require that the notification or designation be in writing and may require that you certify or otherwise establish that the designated amount is an excess deferral. Free h&r block tax software A plan is not required to permit distribution of excess deferrals. Free h&r block tax software Correction of excess deferrals during year. Free h&r block tax software   If you have excess deferrals for a year, a corrective distribution may be made only if both of the following conditions are satisfied. Free h&r block tax software The plan and either you or your employer designate the distribution as an excess deferral to the extent you have excess deferrals for the year. Free h&r block tax software The correcting distribution is made after the date on which the excess deferral was made. Free h&r block tax software Correction of excess deferrals after the year. Free h&r block tax software   If you have excess deferrals for a year, you may receive a correcting distribution of the excess deferral no later than April 15 of the following year. Free h&r block tax software The plan can distribute the excess deferral (and any income allocable to the excess) no later than April 15 of the year following the year the excess deferral was made. Free h&r block tax software Tax treatment of excess deferrals not attributable to Roth contributions. Free h&r block tax software   If the excess deferral is distributed by April 15, it is included in your income in the year contributed and the earnings on the excess deferral will be taxed in the year distributed. Free h&r block tax software Tax treatment of excess deferrals attributable to Roth contributions. Free h&r block tax software   For these rules, see Regulations section 1. Free h&r block tax software 402(g)-1(e). Free h&r block tax software Prev  Up  Next   Home   More Online Publications